JUPITER ENERGY LIMITED — Director's Dealing 2009

Dec 21, 2009

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity JUPITER ENERGY LIMITED ABN 65 084 918 481

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Geoff Gander Date of last notice 30 September 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change	21 December 2009
No. of securities held prior to change	24,400,000 fully paid ordinary shares 13,700,000 listed options at $0.08 expiring 30/06/2010
Class	A. Performance Rights B. Performance Rights C. Performance Rights
Number acquired	A. 5,000,000 performance rights vesting upon $100m market cap or 150,000 cumulative barrels of oil expiring 21 Dec 2010 B. 5,000,000 performance rights vesting upon $200m market cap or 300,000 cumulative barrels of oil expiring 21 Dec 2011 C. 5,000,000 performance rights vesting upon $300m market cap or 500,000 cumulative barrels of oil expiring 21 Dec 2012

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Valuations as per notice of Annual General Meeting. A. 0.768 cents or 3.84 cents B. 0.384 cents or 3.84 cents C. 0.192 cents or 3.84 cents
No. of securities held after change	- 24,400,000 fully paid ordinary shares - 13,700,000 listed options at $0.08 expiring 30/06/2010 - 5,000,000 performance rights vesting upon $100m market cap or 150,000 cumulative barrels of oil expiring 21 Dec 2010 - 5,000,000 performance rights vesting upon $200m market cap or 300,000 cumulative barrels of oil expiring 21 Dec 2011 - 5,000,000 performance rights vesting upon $300m market cap or 500,000 cumulative barrels of oil expiring 21 Dec 2012
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue approved by shareholders at 2009 AGM.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity JUPITER ENERGY LIMITED ABN 65 084 918 481

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Erkin Svanbayev Date of last notice 9 October 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	21 December 2009
No. of securities held prior to change	10,000,000 fully paid ordinary shares. 10,000,000 Listed options exercisable at $0.08 expiring 30 June2010
Class	A. Performance Rights B. Performance Rights C. Performance Rights D. Unlisted options E. Unlisted options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	A. 5,000,000 performance rights vesting upon $100m market cap or 150,000 cumulative barrels of oil expiring 21 Dec 2010 B. 5,000,000 performance rights vesting upon $200m market cap or 300,000 cumulative barrels of oil expiring 21 Dec 2011 C. 5,000,000 performance rights vesting upon $300m market cap or 500,000 cumulative barrels of oil expiring 21 Dec 2012 D. 3,000,000 options at $0.10 expiring 31 Dec 2012 vesting after 12 months service E. 2,000,000 options at $0.15 expiring 31 Dec 2012 vesting after 24 months
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Valuations as per notice of Annual General Meeting. A. 0.768 cents or 3.84 cents B. 0.384 cents or 3.84 cents C. 0.192 cents or 3.84 cents D. 2.824 cents E. 2.593 cents

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

- 10,000,000 fully paid ordinary shares. - 10,000,000 Listed options exercisable at $0.08 expiring 30 June 2010 - 5,000,000 performance rights vesting upon $100m market cap or 150,000 cumulative barrels of oil expiring 21 Dec 2010 - 5,000,000 performance rights vesting upon $200m market cap or 300,000 cumulative barrels of oil expiring 21 Dec 2011 - 5,000,000 performance rights vesting upon $300m market cap or 500,000 cumulative barrels of oil expiring 21 Dec 2012 - 3,000,000 options at $0.10 expiring 31 Dec 2012 vesting after 12 months service - 2,000,000 options at $0.15 expiring 31 Dec 2012 vesting after 24 months service

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Issue approved by shareholders at 2009 AGM.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3

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Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity JUPITER ENERGY LIMITED ABN 65 084 918 481

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Andrew Ross Childs Date of last notice 30 September 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	21 December 2009
No. of securities held prior to change	12,000,000 ordinary shares 5,000,000 Listed options at $0.08 expiring 30 June 2010
Class	Unlisted options
Number acquired	3,000,000 options at $0.10 expiring 31 Dec 2012 vesting after 12 months service 2,000,000 options at $0.15 expiring 31 Dec 2012 vesting after 24 months service
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Valuation - 2.824 cents and 2.593 cents as per Notice of Annual General Meeting

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change 12,000,000 ordinary shares 5,000,000 Listed options at $0.08 expiring 30 June 2010 3,000,000 options at $0.10 expiring 31 Dec 2012 vesting after 12 months service 2,000,000 options at $0.15 expiring 31 Dec 2012 vesting after 24 months service Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back Issue approved by shareholders at 2009 AGM

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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